Charged Unfair NSF Fees by Your Bank?
- Do you believe that you were unfairly charged NSF fees by your bank or credit union?
- Fill out the form on this page for a free claim review.
Banks charge account holders an NSF fee when there are non-sufficient funds or insufficient funds, to pay a transaction or check and it rejects the charge. An NSF fee charge can range between $27 and $39.
In some cases, customers claim that multiple NSF fees are charged on the same items if the customer attempts to reprocess payment after the initial payment is denied.
What is an NSF Fee Charge?
A non-sufficient fee, or NSF fee, also called an insufficient fee or returned payment fee, is charged by banks when there isn’t enough money in an account to cover a transaction and the item is returned or the transaction simply doesn’t go through.
NSF fees are different from overdraft fees. Overdraft fees are only assessed if the bank customer has opted into overdraft protection and the bank covers the transaction even though the bank account is overdrawn.
It is not illegal for banks to charge returned item fees or NSF fees, but customers are complaining that banks are abusing this practice by continually trying to charge the bank account for the same transaction, which leaves bank customers having to pay multiple returned item fees. An NSF fee charge can cost around $30 or more per transaction.
Read more >> Are You Being Charged Unfair NSF Fees?
Is it Possible to Get a NSF Fee Refund?
In some instances it may be possible to receive a NSF fee refund if you contact the bank directly and explain your situation. More often than not the banks will be willing to compromise if you can negotiate with them properly, as chances are they don’t want to lose you as a customer.
What Lawsuits Have Been Filed?
A Bank of America customer filed an NSF fee charge lawsuit against the financial institution saying that the bank charged her for two NSF Fees at $35 a piece before it covered the transaction and charged her for a $35 overdraft fee.
She had similar experiences for payments that were much lower than the NSF fee itself, which is $35. On one occasion when she tried to make a $20 payment to a credit card, she was charged a total of $115 in NSF Fees.
While she understood that it was possible to incur one NSF fee for a one-time payment, she did not expect to be charged NSF fees for a single transaction.
The NSF fee lawsuit filed against Capital One alleges that the bank should only be charging one NSF fee per transaction but that it is violating its contract with its customers by charging multiple NSF fees per transaction.
Other NSF fee lawsuits have also been filed against Capital One Bank, Navy Federal Credit Union, and Digital Federal Credit Union, with a settlement being reached for the overdraft fee lawsuit against Ent Credit Union.
Read more >> How Many NSF Fees Can a Bank Charge?
NSF Fee Charge Class Action Lawsuit Investigation
If you believe you were incorrectly charged NSF fees by your bank or credit union, you may qualify to join this NSF fee charge class action lawsuit investigation.
Some banks or credit unions who may be engaging in these practices include:
- Bell Bank
- Busey Bank
- Center Bank
- CenterState Bank
- First Financial Credit Union
- Flagstar Bank
- Glacier Bank
- Wings Financial Credit Union
- Midwest One
- NBT Bank
The lawyers that work with Top Class Actions are highly experienced in filing a range of class action lawsuits. See if you qualify by filling out the short form on this page.
Get Help – It’s Free
Join a Free NSF Fee Class Action Lawsuit Investigation
After you fill out the form, the attorneys who work with Top Class Actions will contact you if you qualify to let you know if an individual lawsuit or class action lawsuit is best for you.
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